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3.2B FLOWS INTO CRYPTO — BUT WHERE IS THE MONEY GOING? Crypto funds recorded $3.2B in net inflows in the final week of August, the largest weekly inflow since October 2025. The week before saw $392M in outflows, meaning flows reversed by roughly $3.6B in just one week. Bitcoin spot ETFs attracted around $1.92B, while Ethereum took $697M, accounting for nearly 81% of total inflows. Hidden signal: This isn’t Altseason yet. Institutional money is still moving BTC → ETH → higher-risk assets.